$ETH Good morning, waking up as expected. I emphasized on the 19th that it is a strong downtrend. My followers who went short should have made a lot of profit, at least the trend is correct. I've seen many traders in the plaza resisting short positions, so I’ll mention this again.
I will continue to update daily, combining the indicator system. Old followers know that currently, it is a downtrend, and we should go with the trend, focusing on short positions. For long positions, wait for a pullback to go long. As for where to short during pullbacks, it should definitely be at a high, and of course, it’s based on different time levels of resistance. Please see the picture below.
If you have the urge to speculate and go long in a downtrend, I can't stop you. I can only tell you to go long at the support level, which is shown in the picture above. Remember, going long at support is counter-trend, and you must use a stop loss. Add to your positions when the trend is up! With the indicator system, you can see clearly.
Additionally, the trading indicator system, which includes the trend indicators and the dynamic resonance indicators for long and short pressure/support that I use, can be tested by both new and old followers. Let the hard results speak for themselves. Try it out and then evaluate! It works well; at least I’ve never been liquidated using it, and I've been steadily profitable. That's it for today regarding SOL, wishing everyone wealth and prosperity!
